<"Once they agreed to a plan that allows the company to hold the money for two weeks....
..my grief here is with [COLOR="red"]a union that would agree to let an employer withhold pay for up to two weeks after pay day, and...with an employer that would do that.">
It looks to me like this...
1. ALPA negotiates pilots annual wages in excess of 300K.
2. ALPA negotiates an additional 16% B/C Fund contribution.
3. Pilots can now easily exceed the IRS maximum annual 401k contribution limit.
4 ALPA negotiates RHA which allows pilots to accumulate these excess contributions tax-free.
5. The Company takes its sweet time moving the funds into tax-free RHA account
6. ALPA is to blame.
You insist that the union agreed to a policy and procedures which allows the company to delay the transfer of your money into your RHA. If that's the case, fine. Bash away and let your reps know it's unsat.
I'd simply like to know if that's an accurate claim.
Last edited by oldmako; 08-21-2019 at 06:10 AM.